Bristol, United Kingdom (PressExposure) February 12, 2009 -- When businesspeople think about increasing their profits, typically they focus on increasing sales. Smart businesses however, also look at the running costs of the business and develop business system strategies to reduce these and boost profits.
In a new business TV show produced by online network yourBusinessChannel, leading business experts share their business financial advice [http://www.yourbusinesschannel.com/series/more-profits] and business system strategies to help you increase your profits by lowering overheads.
According to the experts, one area where businesses can markedly decrease their costs is in telecommunications. According to business financial advice, businesses that use systems such as Skype or similar solutions, rather than traditional individual systems, will save.
Many call costs are free on the likes of Skype and there is also a chat function, for those quick-to-answer questions which once would have required a call or time consuming emails.
Another piece of business financial advice is to use online software-as-a-service products, which reduce licensing costs. The likes of Google Docs have free features which operate just as efficiently as traditional applications.
Successful firms, when developing their business system strategies [http://www.yourbusinesschannel.com/series/more-profits], often make use of cost reduction analyst companies. These companies analyse where you can reduce costs and provide business financial advice from specialists in specific industries.
Another benefit of making use of cost reduction analysts is that they operate on a pay-by-use basis, rather than charging flat fees. If they are able to increase your profits, then they will take a share of them. However, if they are unable to bring you more money, there is no fee. As the client, this lowers your risk.
For more business financial advice and business system strategies from the experts, see the show on yourBusinessChannel.
* View this and other business TV shows featuring business experts.
* News about the latest expert business advice and upcoming business TV shows.
* Business television [http://www.yourbusinesschannel.com/partner.asp] on your website or blog.